"We are delighted the float has gone so well and we have achieved our funding requirements, giving us the financial platform to fund our aggressive growth and development objectives.

The help from YFM Group in initially backing our MBO was invaluable in helping us get to where we are today."

John Haywood, MD of Pressure Technologies

"This is an exciting time for the Company and we have ambitious growth and development plans.

The backing from the YFM Group though Chandos and the BSC VCT have been instrumental in helping us achieve our objectives."

John Curwen, Managing Director Harvey Jones

"The funding from the YFM Group has come at an exciting time for the company.

This investment enables us to aggressively promote Mirimon to the global market and to make further enhancements to the product.

The advice we received from ICON Corporate Finance was invaluable in identifying YFM Group as the right investment partner for Mirifice."

Paul Tinkler, Chief Executive of Mirifice

"This is a very exciting development for Harris Hill. It is a very strong business and brand and is well placed to deliver the ambitious growth and development plans we have.

YFM Group have been supportive and straightforward throughout the buyin process and are an ideal partner for us as we look to grow."

Aled Morris, CEO of Harris Hill

"The YFM Private Equity investment team were partners throughout the process,

giving financial and expert support to achieve our goals, allowing us to expand and strengthen the business to the stage we have reached today."

Dr Shah, Executive Chairman IPCC

VCT Risks

Although the significant tax benefits available to Investors in British Smaller Companies VCT reduce the risk of the investment, there are a number of risk factors of which Investors should be aware. As with most investment products, prospective Investors should be aware that the value of Ordinary Shares, and the income from them, may go down as well as up and an Investor may not get back the amount originally invested. The price at which the Ordinary Shares are traded may not reflect the Net Asset Value of the Fund. Having regard to the Fund's investment objectives and the conditions upon which the tax reliefs are available, British Smaller Companies VCT should be considered as a long-term investment. Investing in British Smaller Companies VCT carries particular risks.

To view VCT fact sheet, click here

All the material risk factors of which the Directors are aware are set out below:

Past performance is no guide to future performance.
Levels and bases of, and relief from, taxation are subject to change. Such changes could be retrospective. Any change of governmental, economic, fiscal, monetary or political policy could materially affect, directly or indirectly, the operation at the Company and/or its ability to achieve or maintain final VCT status.
Investors must follow certain simple steps to receive the income tax relief. However, it is possible for Investors to lose their tax reliefs by not taking these steps. For example, if an Investor disposes of his Ordinary Shares within five years of acquisition, HM Revenue & Customs may claw back any income tax relief obtained on subscription. Investors are, therefore, advised to take their own independent financial advice on the tax aspects of their investment.
There can be no assurance that British Smaller Companies VCT will meet its objectives or that suitable investment opportunities will be identified.
Whilst it is the intention of the Directors that British Smaller Companies VCT will be managed so as to maintain its qualification as a VCT, there can be no guarantee that such status will be maintained. A failure to meet the qualifying requirements could result in British Smaller Companies VCT losing the tax reliefs previously or prospectively obtained, resulting in adverse tax consequences for Investors, including a requirement to repay the 30% income tax relief.
Investments made by British Smaller Companies VCT will be in companies whose shares are not readily marketable and, therefore, may be difficult to realise. The fact that a share is traded on AIM or PLUS-quoted (formally OFEX) or any other stock market does not guarantee its liquidity. The spread between the buying and selling price of such companies' shares may be wide.
Whilst run as a VCT, British Smaller Companies VCT must invest the proceeds of the Offer in companies with gross assets of not more than £7 million prior to investment. Individually, such companies generally have a higher risk profile than larger companies.
The performance of British Smaller Companies VCT may be difficult to assess due to the frequency of British Smaller Companies VCT's net asset valuations. Prospective Investors should be aware that the net asset value of the Company will only be audited on an annual basis and, accordingly, the Ordinary Shares will frequently trade at a discount to net asset value. The unaudited net asset values will be reported at quarterly intervals and will include the audited full-year net asset value and the unaudited interim net asset values.
Although the shares of the VCT are traded on the London Stock Exchange's market for listed securities, there is only a very limited secondary market for shares in a venture capital trust and, consequently, Investors may find it difficult to realise their investment in British Smaller Companies VCT.

The content of this website has been approved as a financial promotion under section 21 of the Financial Services and Markets Act 2000 by YFM Private Equity Limited, which is part of the YFM Group and investment adviser to British Smaller Companies VCT plc. The YFM Group includes two investment arms; YFM Private Equity Limited and YFM Venture Finance Limited, both of which are authorised and regulated by the Financial Services Authority.

The content of this website is not an offer or invitation to apply for shares in British Smaller Companies VCT plc. Any application made for shares should be made solely on the basis of the Prospectus relating to British Smaller Companies VCT Share Offer which can be accessed on this website.

Investors are strongly urged to seek independent professional advice when considering an investment in a VCT. You should be aware that share values and income from them can go down as well as up and you may not get back the full amount you invested. Past performance of any fund advised or managed by the YFM Group is not a guide or a guarantee of the future performance of British Small Companies VCT plc. A VCT's shares, though listed, are likely to be difficult to realise. Prospective investors should regard an investment in a VCT as a long-term investment. The value of tax reliefs available depends on personal circumstances and is subject to shareholders retaining their shares for a five-year period.